Sprints Capital leads €50m funding round for Vinted

Unquote understands that Sprints Capital acquired a minority stake in the business and joined Vinted's management team by appointing its partners Henrik Persson and Pierre Siri to the company's board.

Previous backers Insight Venture Partners and Hubert Burda Media Group also took part in the round, alongside angel investor Fabrice Grinda.

Vinted's valuation stood at €225m after the round, according to a statement.

The company will use the fresh capital to bolster its growth and expand further in the European apparel and accessories second-hand market.

Previous funding
Accel Partners led a $6.5m series-A round for Vinted in January 2013. The investment was used by the company to support its transition from a desktop-based application to a mobile-first platform.

Subsequently, Vinted raised a $27m series-B funding round led by Insight and Accel in February 2014. More recently, the business raised €24m in a series-C round led by German publishing house Hubert Burda in 2015.

Company
Founded in 2008 and headquartered in Vilnius, Vinted is an online marketplace for secondhand clothes and accessories. The company operates in nine countries and has a particularly strong presence in France, with a claimed market share of 80% in adult and children's fashion resale in the country. Vinted has offices in Berlin, Warsaw and Prague, and employs around 200 staff.

People
Sprints Capital – Henrik Persson (managing partner).
Insight Venture Partners – Deven Parekh (managing director).
Vinted – Thomas Plantenga (CEO).

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